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Azerbaijan announces date of third stage of certification

Business Materials 14 April 2010 16:15 (UTC +04:00)

Azerbaijan, Baku, April 14 / Trend U. Ismayilova /

The next (third) stage of certification of appraisers in Azerbaijan will be held April 21-22, coordinator of Azerbaijani Society of Appraisers Amil Ismailov said.

"The courses for the participants of certification will be held April 19," Ismailov said.

He said that experts of the International Finance Corporation (IFC), the Russian Society of Appraisers (RSA) and the Swiss State Secretariat for Economic Affairs (SECO) will participate in the process of certification of appraisers, as observers.

Ismailov said that 22 appraisers will attend the courses. About 10 will be admitted to examinations.

Examinations will be conducted by seven evaluators, who were certified in the first and second phases of certification.

The first phase of certification of appraisers in Azerbaijan was held in March 2009. Three appraisers were certified. Four appraisers were certified within the second phase in June last year.

Assessment activity in Azerbaijan is certificated as a part of IFC's program to develop a mortgage in Azerbaijan and Central Asia, together with the international center for evaluation and Azerbaijani Society of Appraisers.

Evaluation activity in Azerbaijan is governed by the law "Valuation activity" adopted in 1995.

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